Discounted Cash Flow (DCF) Analysis Levered

Pioneer Power Solutions, Inc. (PPSI)

$2.8892

+0.03 (+1.02%)
All numbers are in Millions, Currency in USD
Stock DCF: -2.31 | 2.8892 | overvalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 101.39106.3920.5819.4918.3114.3211.218.776.865.37
Revenue (%)
Operating Cash Flow 1.402.15-5.57-3.61-2.34-1.58-1.23-0.96-0.75-0.59
Operating Cash Flow (%)
Capital Expenditure -1.45-0.59-0.15-0.18-0.17-0.13-0.10-0.08-0.06-0.05
Capital Expenditure (%)
Free Cash Flow -0.051.56-5.73-3.79-2.51-1.71-1.33-1.04-0.82-0.64

Weighted Average Cost Of Capital

Share price $ 2.8,892
Beta 0.112
Diluted Shares Outstanding 8.86
Cost of Debt
Tax Rate 0.73
After-tax Cost of Debt 4.96%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.098
Total Debt -
Total Equity 25.59
Total Capital 25.59
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 101.39106.3920.5819.4918.3114.3211.218.776.865.37
Operating Cash Flow 1.402.15-5.57-3.61-2.34-1.58-1.23-0.96-0.75-0.59
Capital Expenditure -1.45-0.59-0.15-0.18-0.17-0.13-0.10-0.08-0.06-0.05
Free Cash Flow -0.051.56-5.73-3.79-2.51-1.71-1.33-1.04-0.82-0.64
WACC
PV LFCF -1.64-1.23-0.93-0.70-0.52
SUM PV LFCF -5.01

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.10
Free cash flow (t + 1) -0.65
Terminal Value -31.03
Present Value of Terminal Value -25.38

Intrinsic Value

Enterprise Value -30.40
Net Debt -9.92
Equity Value -20.47
Shares Outstanding 8.86
Equity Value Per Share -2.31